If any business needs a dose of creativity, it’s health care. A systematic assessment of the industry’s innovation ills suggests some remedies and offers a framework for thinking about the obstacles to new ventures in any business.

Because of the prevailing gloom in current economic headlines, it is easy to forget that these same headlines portrayed 1979 as a year of record corporate profitability. And once a recovery gets under way, it should not be long before we are deluged by another flood of optimism. But the optimism will be misplaced. Inflation […]

The growing strength of the United States’s foreign competitors and our economic malaise are common topics for discussion in our country today. Yet the causes most frequently enumerated—the lack of an effective national industrial policy, shortsighted management practices, and the strong dollar—do not adequately explain the basic predicament, although they address important issues. Rather, the […]